Overview
What is Adak Community Development Corporation?
Adak Community Development Corporation is a nonprofit organization situated in Adak, Alaska. Its primary focus is on the advancement of fisheries-related resources, infrastructure, and assets, ultimately benefiting the local community. The corporation has demonstrated its commitment through various initiatives, such as purchasing fishing quotas under a Community Quota entity program, enabling local fishermen to utilize these resources. Additionally, the organization actively participates as stakeholders in fisheries management bodies, including the AK Board of Fish, North Pacific Fisheries Management Council, and the International Pacific Halibut Commission. To further support the community, Adak Community Development Corporation has established a scholarship program for local high school graduates, providing educational assistance. With a modest workforce of one employee, this nonprofit organization continues to contribute to the well-being and progress of Adak's residents in the field of fisheries.
Official website here: www.adak-ak.us/acdc/
Is Adak Community Development Corporation legitimate?
Adak Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Adak Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $38,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.adak-ak.us/acdc/
What is the mission statement of Adak Community Development Corporation?
The Adak Community Development Corporation's mission is centered around fostering the growth and enhancement of fisheries-related resources, infrastructure, and assets. This is done with the primary objective of benefiting the community at large. The corporation actively participates in fisheries management bodies at both local and international levels to ensure sustainable practices. One of their significant achievements is the purchase of fishing quotas under a community quota entity program, which is utilized by local fishermen. Furthermore, the corporation runs a scholarship program for local high school graduates, aiming to support their education and future endeavors.
Official website here: www.adak-ak.us/acdc/
Who is the CEO of Adak Community Development Corporation?
Layton J Lockett is the Office Manager of Adak Community Development Corporation.
Official website here: www.adak-ak.us/acdc/
What is the revenue of Adak Community Development Corporation?
Adak Community Development Corporation's revenue in 2022 was $1,285,252.
Official website here: www.adak-ak.us/acdc/
Who are the executives of Adak Community Development Corporation and what are their salaries?
The average compensation at Adak Community Development Corporation during 2022 was $38,500. There is 1 employee and 7 volunteers at Adak Community Development Corporation.
Here are 8 key members and their salaries:
- Compensation: $38,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.adak-ak.us/acdc/
Where can I find the form 990 for Adak Community Development Corporation?
Adak Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.adak-ak.us/acdc/
Learn more at the official website: www.adak-ak.us/acdc/
Mission Statement of Adak Community Development Corporation
Adak Community Development Corporation, as a nonprofit organization, is dedicated to promoting and advancing fisheries-related resources, infrastructure, and assets for the betterment of its community. Its mission is to leverage its position to benefit the people of Adak, Alaska, specifically focusing on the fisheries sector. The corporation has demonstrated its commitment through various initiatives. One notable achievement is its involvement in the Community Quota entity program, where it purchased fishing quota for local fishers to utilize. Additionally, Adak Community Development Corporation actively participates in fisheries management bodies at both local and international levels, including the AK Board of Fish, North Pacific Fisheries Management Council, and International Pacific Halibut Commission. Beyond these efforts, the organization also supports local high school graduates through a scholarship program, aiming to invest in the next generation of its community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Adak Community Development Corporation significantly impacts the Adak community through the promotion and development of fisheries-related resources, infrastructure, and assets. By purchasing fishing quotas under the Community Quota Entity program, the organization ensures that local fishers can access essential resources, enhancing their livelihoods and sustaining the local economy.
The Corporation actively participates as a stakeholder in critical fisheries management bodies, such as the Alaska Board of Fish, North Pacific Fisheries Management Council, and the International Pacific Halibut Commission. This engagement allows the community to have a voice in ensuring sustainable fishing practices and resource management, directly benefiting the local fishing industry.
Additionally, the scholarship program for high school graduates supports educational advancement within the community, fostering opportunities for youth and contributing to long-term community development. Overall, the Corporation's initiatives lead to improved economic stability, resource sustainability, and enhanced quality of life for the residents of Adak, Alaska.
This information is meant to be a general summary of Adak Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $24,259
- Program Service Revenue: $1,260,243
- Gross Receipts: $1,402,381
Assets and Liabilities:
- Total Assets: $5,838,618
- Total Liabilities: $14,960
- Net Assets: $5,823,658
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Crab Royalty
Revenue
$1,177,852
Fish Royalty
Revenue
$82,391
Organization Details
Founding Year
2005
Phone
(907) 592-2335Principal Officer
Layton J Lockett
Main Address
PO Box 1943, Adak, AK, 99546
Website
www.adak-ak.us/acdc/NTEE Category
Code: S20 - Community improvement
If you are a representative of Adak Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.